Essence Magazine:
By Jasmine Browley ·Updated January 24, 2024
Fifteen percent of Black small-business owners had to close their doors during the pandemic. As ESSENCE previously reported, the Federal Reserve Bank of New York found that small businesses in the U.S. dropped 22 percent between February 2020 and April 2020, but Black ownership dropped 41 percent—the greatest decline among all racial groups during the depths of the pandemic.
According to a new report from Yelp, the small
This post first appeared in Essence Magazine. Read the original article.